Trade of the Week: EUR/USD H1: 19-20 May: +3% Profit (+145 pips)
For more details and examples of trade, click "Examples of Trade" in the menu
This is a contre-trend trade. On H4, a cycle of 5 waves has been completed, the price is already below the fractal box. We are looking for an entry on H1, at Francfort open the 19th, we have second break entry while the stop loss above the box is at 45 pips, the price drops at London Open and we exit the next day, after the divergence, when the price breaks the upper level of the box for +3% profit (+145 pips)
For more details and examples of trade, click "Examples of Trade" in the menu
This is a contre-trend trade. On H4, a cycle of 5 waves has been completed, the price is already below the fractal box. We are looking for an entry on H1, at Francfort open the 19th, we have second break entry while the stop loss above the box is at 45 pips, the price drops at London Open and we exit the next day, after the divergence, when the price breaks the upper level of the box for +3% profit (+145 pips)
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